Gores Holding V, Inc (GRSV)

[dijeetyet]

There won't be any big problems valuing the company with two years sold out production.

[db7]

Ardagh the leader in cutting edge cans(?) -> "Ball Corporation, Crown Holdings and Ardagh Group all reported strong demand and sold-out supply in 2020 for Q1 and Q2. Ball said that it expects annual growth of 4% to 6% over the next five to seven years, and Crown expects shipments of beverage cans in North America to increase by 10% during 2020. Ardagh reports a 20% increase in specialty cans in the region."


https://www.packworld.com/industry/beverage/article/21174402/room-to-grow-for-can-market

[db7]

'very' interesting:

"The North American can industry is sold out for the next 24-36 month. Global beverage-can demand has skyrocketed as the COVID-19 pandemic’s restrictions on bars, pubs, restaurants and major events has shifted consumption from draft beer to cans in multi-packs for home-consumption. In addition, new innovative products, like those in the USD 3.5 billon hard seltzer industry, lean heavily towards cans"


"
The plant's new production will initially focus on the company's Ardagh Sleek™ line, package sizes recognized across growing beverage categories such as hard seltzers, beer, energy drinks and teas. The additional capacity strengthens a full range of product sizes available to customers from a network of eight beverage can and end manufacturing locations throughout the U.S.
"


https://www.inside.beer/news/detail/usa-ardagh-to-build-two-new-beverage-can-manufacturing-lines/

[db7]

sustainability: https://www.ardaghgroup.com/news-centre/ardagh-group-earns-a-from-cdp

[db7]

earnings tomorrow; drop the merger agreement then??
https://www.ardaghgroup.com/news-centre/ardagh-to-release-q4-and-fy-2020-results

[db7]

https://www.ardaghgroup.com/news-centre/ardagh-increases-can-capacity-in-u-s

[db7]

https://www.bevsource.com/news/cans-101-seven-things-know-your-beverage-production

[db7]

GRSV rumor:

https://finance.yahoo.com/news/ardagh-considers-listing-cans-unit-214136383.html

https://www.ardaghgroup.com/userfiles/files/PDFs/products/AG-Metal-Beverage-brochure.pdf

https://www.fool.com/earnings/call-transcripts/2020/10/22/ardagh-group-sa-ard-q3-2020-earnings-call-transcri/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

from that Q3 earnings transcript:

"Our capacity in the Americas in beverage cans is fully sold for the remainder of the year and for 2021 as well."



IMO, at first glance one might not think of beverage cans as a super sexy business but sounds to be a very successful operation AND 'sustainable'...

[db7]

I loaded a ton of common this morning in addition to my existing warrant position; downside to $10 BUT with Gores 6 filing a deal 8k today we have to assume Gores 5 is done or close to it

g/l!

[dijeetyet]

Oh wow. Let's hope we already on some!

[db7]

Lots of speculation on whom the spac for this might be; maybe us??? https://finance.yahoo.com/amphtml/news/electric-aircraft-startup-archer-public-002056625.html

[dijeetyet]

6 is splitting up tomorrow. We should get cheep warrants due to GME distraction.

[dijeetyet]

It's been ticking up. I picked up some of the new one to.

[db7]

going to guess we get a deal here 'soon' now that ghiv has passed the vote...

[Pennybuster]

Yes they do and I like the fact this one is currently under the radar. Added today.

[db7]

Gores 6th spac; they are a great team who gets it done-

[Pennybuster]

$GRSV




Starting a Position.



Gores Holding Same SPAC Company That Brought $LAZR

[db7]

yes, gh_ivw and gm_hiw both having nice days today g/l!

[dijeetyet]

I'm gonna get some for the pile.

I still really like GH * IV.
I think it will be a post merger institutional investment and run post merger like LP * RO

[db7]

thanks! Currently GRSV: $10.11 GRSVW: $1.31

[dijeetyet]

I like the ones that give a fraction of a warrant with the unit but a warrant = a whole share so no horrible dilution from warrant exercise

Oh and here's the standard SPAC terms
This is an initial public offering of our securities. Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-fifth of one warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described herein, and only whole warrants are exercisable. The warrants will become exercisable on the later of 30 days after the completion of our initial business combination or 12 months from the closing of this offering, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation, as described in this prospectus. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. We have also granted the underwriters a 45-day option to purchase up to an additional 6,000,000 units to cover over-allotments, if any.

[dijeetyet]

Key #'s from the S-1

Securities offered

40,000,000 units, at $10.00 per unit, each unit consisting of:
•
one share of Class A common stock; and
•
one-fifth of one warrant.

NASDAQ symbols

Units: “GRSVU”

Class A Common Stock: “GRSV”

Warrants: “GRSVW”
Each unit consists of one share of Class A common stock and one-fifth of one warrant for each unit purchased. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described in this prospectus, and only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Accordingly, unless you purchase at least four units, you will not be able to receive or trade a whole warrant.

[db7]

think i've posted it before somewhere; i'll look later.. their current ones gmhiw closed $3.99 and ghivw closed $1.34 (but was trading near $3 in pre the day the deal was announced if i recall correctly)

my main concern at this point would be 'if' ghiv didn't go through and they'd find another candidate for there prior to here(?)


i 100% think they will do a deal here; always a question of when

another thing i have to re-check but i believe this is the largest $ amount spac they've done to date...


the team seems to do big, hearty, old-fashioned deals imo.. aka maybe 50-100% on the warrants BUT probably not 10 or 30 bagger possibilities like some of the other spac teams

all imo

[nsomniyak]

Do you have stats on how the first 5 did? I am not familiar with them. TIA

[db7]

GRSV/GRSVW, Gores 6th spac; following up recent GMHI and GHIV